Is the great warehouse lending party just about over? It’s starting to feel that way to some managers. Ominous sign: new entrants. (Includes data chart.)

Early-stage delinquencies jumped in the third quarter, prompting a quarterly increase in the total past-due rate. Many borrowers that have been in forbearance for 18 months are also reaching the end of their payment holidays. (Includes data chart.)

The thirst for mortgage servicing rights continues, be it bulk or flow. Meanwhile, Zillow’s foray into fix-and-flip did not end well.

While many lenders are already originating mortgages using replacements for LIBOR, many legacy ARMs remain linked to the London benchmark, according to an analysis by Inside Mortgage Finance.

Sales of purchase-money mortgages into the agency secondary market continued to gain momentum in the third quarter, but the refinance sector saw further erosion. (Includes two data charts.)

The decline in mortgage origination from the first to the second quarter hit nonbanks harder, but the industry still accounted for 70% of production by the top 100 lenders. (Includes two data charts.)

As originations go, so goes the warehouse sector. In 2Q21, commitment levels reached a new high but borrowing nonbanks are now trimming how much credit they will need for the rest of the year. (Includes data chart.)

The total delinquency rate fell by 155 basis points between March and June, according to Inside Mortgage Finance’s Large Servicer Delinquency Index. Still, close to 1.5 million borrowers are more than 90 days past due. (Includes data chart.)

As the refi boom begins to wane, nonbank mortgage giant Mr. Cooper is paring certain business lines. Should other lenders follow suit?

Layoffs can be good news for lenders looking for an employment bargain. In particular, non-agency shops are looking to hire.